News about properties and real estate
Condo buyers struggling for closure amid credit squeeze Ronald Cowan thought he’d be living the high life in Las Vegas, rubbing elbows with sports stars and celebrities who frequent hip places like ghostbar, Rain, Playboy Club and the Pearl concert hall at the Palms. Cowan plunked down $132,000 for a deposit at Palms Place, the …
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High and Low Finance – Trail of Bad Loans Leads to the Couple Next Door In the spreading mortgage crisis, there are many homeowners who were tricked into taking out loans they could not afford, or who failed to understand the risks they were taking. This column is not about them. Instead it highlights a …
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Lead damages lawsuit settled Paul W. Nochumowitz, who has been one of Baltimore’s biggest ground rent owners, has agreed to a $1.53 million settlement of a lawsuit that accused him of living lavishly from ground-rent income while claiming he was too poor to compensate former tenants harmed by exposure to lead paint. The settlement ends …
Neighbors Are Left With A Mess [Tampa Bay Area] Robert Ramirez awoke in the middle of the night to clanging metal and a rumbling moving truck in the back yard next door. Evicted neighbors loaded their belongings and fled the two-story stucco home. They left doors and windows open, and trash and debris strewn across …
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Lawsuit pits 2 Gumbergs against brother A feud splitting one of Pittsburgh’s best-known real estate families went public this week as Andrew and Lawrence Gumberg filed a lawsuit accusing their older brother Ira of misappropriating millions from joint holdings worth $500 million. The two younger Gumbergs claim Ira Gumberg and Braddock Hills-based J.J. Gumberg Co., …
Banks in Jeopardy Tens of millions of dollars in loans have gone bad at Southwest Florida banks during the real estate slump. Are those banks ready to handle them? Federal regulators are worried that some banks in Florida and across the nation may be ill-prepared to deal with their battered loan business. U.S. banks have …